Panhandle Eastern Pipe Line Company, LP

THIRD REVISED VOLUME NO. 1

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Effective Date: 06/30/2004, Docket: RP04-321-000, Status: Effective

Original Sheet No. 283 Original Sheet No. 283 : Effective

GENERAL TERMS AND CONDITIONS

(Continued)

The conditions set forth in this Section are minimum

conditions that all third-party providers and Shippers

utilizing such services must satisfy. When a specific

third-party management service is proposed, Panhandle may

require the third-party provider and Shipper to satisfy

additional conditions. Panhandle shall not be obligated

to enter into any agreement to accept third-party

imbalance management services which would, in Panhandle's

reasonable judgment, impair its ability to meet its

existing system requirements or which would not relieve

Panhandle of the need to manage (to the extent of the

third-party service) the Shipper's imbalances, scheduling

variances and overruns.